St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-28
On the Chicago Board of Trade There
Was Little Business Done in
the Wheat Pit.
The Feeling Was Weaker, and Prices
Generally Took Slight Down.
ward Turn.
Probable Continuation Of the Weekly
Decrease in the Visible Supply
in This Country.
Transactions in the Financial Circles
of Wall Street.-The General
Markets.
&ecial to the Globe.

CHICAGO, H., June 27.-July wheat on the
curb opened at 69slc. The trade has had
Sunday in which to review the work of the
past two eventful weeks, and they began
business to-day with confidence which
proves that most of them have taken obser-
yations, and see nothing very threatening in
the immediate future. Friday of this week
is July delivery day. 1t promises to be an
eventful one. When the deliveries
shall have been made OF all the
high-priced stuff, and the clearing house
exhibit is presented, more solid
basis will be fernished for future trading
Chicago is all right as a speculative pur-
chasing CENTER, said an old member to-day
1.-The collapse of the wheat clique need not
discourage any conservative trader. Sup
pose that deal had gone through; four or
FIVE millions would have been taken out of
Chicago people and sent TO Cincinnati AS
another result of the bull movement, over
S2,000,000 have gone into the Northwest
for grain that would have otherwise re-
manned stationary This money is bound to
come back 10 Chicago. 1 don't see anything
in the situation to depress conservative
traders. If two or three houses
GO TO THE WALL.
AS result of the showing on July delivery
day il will simply be a clearing of the atmos-
day were 35.431 bu and shipments 726,572
bu. OF corn there was received So ,429 bu
and shipped 341, 40 bu. The opening in
The New York stock market was q weak one,
The list generally being little down. More
liquidation is predicted. The effect of the
uneasy feeling in New York was slightly ap-
parent in the wheat pit, the July option
which closed at 69s4c on Saturday opening
a. 69SSc, with some sales within fifteen min
,utes at 69lsc. July corn opened at
35Ssc, July cats at 25c, July lard at 1850
6.3.l2c, and July short ribs at S7.37l2. The
New York stock market was closely watched
to-day by the heaviest commission houses.
The action of the Missouri Pacific and the
Manhattan Electric did hot strengthen conf
dence. The impression is that light mar
gined holders are very liable TO be shaken
out Parties all over the country who have
gone in on the break with from to % per
cent. margin are said to be the markers for
the milliouaires who control the stocks
named. This sentiment imprcgnated the
wheat crowd, and at Il 80 there were some
sales at 69c.
THE ROUTINE REPORT.
CHICAGO, June 2T.-Trading in the wheat
pit today was almost as quiet as on Satur-
day, although there was u moderate inquiry
for cash wheat. The feeling was weaker and
the prices were loTer, though prices held
are small here and the shipments are large,
causing rapid reduction in the stock in
store. The visible supply statement showed
decrease of 1857, 900 bu, and a still
more rapid decrease is looked for in the i'm
mediate future Millers in the interior, whose
stocks had all become very low and who did
not feel disposed to buy when wheat was at
a much higher figure, have bought quite
freely recently, and the effect of this will be
made visible in the supply of next week, as
well as that just passed. July opened ls@34c
Al c1ir1o1 To
and after the announcement of the decrease
in the visible supply reacted, closing at 697sc.
The trading in corn was also light again to-
day, the market ruling quiet during most
of the day, though toward the close
there was more doing, due chiefly
to reports of dry weather. The
visible supply showed decrease OF $4,000
3512@ 355Sc and closed at 36Ss@36lac, the
best figure of the day. The speculative
trading in oats was more active; buying Or
ferred futures Reports of dry weather and
not a very favorable crop outlook caused in
creased buying, and made sellers a little
scarce. July opened at 25c and sold up to
26I2c and closed at 26Isc Speculative trad
ing was moderately active in provisions, and
operators watched the market closely, fear
ing that the report of the fire at the stock
yards yesterday might exert sudden infiu-
ence on the market. The destruction Of the
products by the fire. however, will not be of
sufficient Importance to make any marked
stronger in a general way. Offerings were
not very large, while the demand was fair
and almost exclusively for August and Sep
TENDER deliveries. Prices We're slightly ad-
vaneed, and the appreciation was moderately
well supported. The receipts of products
was fair and the shipments were quite large
THE QUOTATIONS.
The leading futures ranged as follows
Wheat-No. June opened at 69c, closing
at 69Ssc: July. 69SSc. closing at $3.50; Au-
gust Use, closing at 72ssc; Septem-
opened at 35Ssc, closing at 3614c; July, 35ssc
closing at 36$sc; August, 3714c, closing at
3SAc; September, 3S5sc, closing at 39asc
0ats-No. June opened at 247sc, closing at
26e; July, 25c, closing at 26lsc; August
25ssc, closing at 26l2c; September, 255sc,
closing at 90 26s4e Mess pork per Dbl, June
RenSa S open sSsn at at M LARD edR per 100
s642l2; July. s6.35, closing at S.. 42la !:
August, S6-4ala, closing at S6:55; Sep
tSe ihl s6- go closing at $500. Short
s s7is closing closing. at s5s;52!S; July,
g gust $780, &c closing ngas,n at e7Is;
Cash quotations were as follows: Flour
ruled quiet and steady, and prices were with
out quotable change. Wheat--No. 2 spring,
6699S s@ g. No spring; CSC; No. red,
No. 2, 25Ss@25Sc. Rye-No. 9, 52c. Bar
ley-No. 2, SIC. Flax Seed-No. /. S1.I9.
Timothy seeddomdPrime, s2.1s@2. 20. Mess
@6:3112. Short ribs, sides, loose, S7.4OM
1.45; dry salted shoulders boxed So 100
800; short clear sides, boxed, S775@7. SO.
Whisky-Distillers finished goods, 81 10
per gal. Sugar-Cut loaf, 6asG6ssc; gran
ulated, 6 3-16c; standard a 1876. Re
ceipts--Flour, 5000 bbls; wheat, SO, 600 bu;
corn, $4,000 bu; OATS 1900 bu: rye
LOCO bu; barley, 5000 bu. Shipments
Flour. $4,000 bbls; wheat 10000 bu:
corn, 341,000 bu; oats, $4,000 bu; bar,
ley, 1000 bu. On the produce exchange
to-day the butter market was quiet: creamery.
14@Ise; dairy, 12@16c. Eggs fairly active
at 10l2@11c.